Lessons From a Century of Stock Returns: Stay Invested, Let the Winners Run - Barron's
1. Most U.S. stocks lost money since 1926, a median negative return of 7.41%. 2. Only 86 stocks created $16 trillion wealth; Altria's return was $2.65 million. 3. Outsize equity market returns concentrated in few 'winners' over nearly a century. 4. Long-term investments often yield better returns; volatility in returns expected. 5. Goldman Sachs predicts low S&P 500 annual returns of 3% for next decade.